BKM Wealth Management LLC Acquires 1,092 Shares of Restaurant Brands International Inc. (NYSE:QSR)

BKM Wealth Management LLC lifted its stake in Restaurant Brands International Inc. (NYSE:QSR) (TSE:QSR) by 15.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,077 shares of the restaurant operator’s stock after acquiring an additional 1,092 shares during the quarter. BKM Wealth Management LLC’s holdings in Restaurant Brands International were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in Restaurant Brands International during the first quarter valued at $850,000. Oppenheimer & Co. Inc. raised its position in Restaurant Brands International by 16.5% in the first quarter. Oppenheimer & Co. Inc. now owns 74,421 shares of the restaurant operator’s stock worth $5,913,000 after acquiring an additional 10,544 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Restaurant Brands International by 6.1% during the 1st quarter. Russell Investments Group Ltd. now owns 124,770 shares of the restaurant operator’s stock worth $9,915,000 after acquiring an additional 7,196 shares during the last quarter. Norden Group LLC bought a new stake in shares of Restaurant Brands International during the 1st quarter valued at $875,000. Finally, Cetera Investment Advisers raised its holdings in Restaurant Brands International by 63.7% in the 1st quarter. Cetera Investment Advisers now owns 40,837 shares of the restaurant operator’s stock worth $3,245,000 after purchasing an additional 15,891 shares during the period. 82.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on QSR shares. Wells Fargo & Company decreased their price objective on Restaurant Brands International from $80.00 to $77.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Stifel Nicolaus dropped their price target on shares of Restaurant Brands International from $80.00 to $77.00 and set a “hold” rating for the company in a research report on Tuesday, August 13th. Bank of America raised their price objective on shares of Restaurant Brands International from $76.00 to $77.00 and gave the company an “underperform” rating in a research report on Tuesday. Truist Financial dropped their target price on shares of Restaurant Brands International from $87.00 to $86.00 and set a “buy” rating for the company in a report on Monday, August 19th. Finally, Guggenheim raised their price target on Restaurant Brands International from $73.00 to $74.00 and gave the company a “neutral” rating in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $83.15.

Insider Buying and Selling at Restaurant Brands International

In other news, insider Thomas Benjamin Curtis sold 6,536 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $68.63, for a total value of $448,565.68. Following the sale, the insider now directly owns 37,179 shares in the company, valued at approximately $2,551,594.77. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Thomas Benjamin Curtis sold 6,536 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $68.63, for a total value of $448,565.68. Following the transaction, the insider now owns 37,179 shares of the company’s stock, valued at $2,551,594.77. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Axel Mr Schwan sold 36,000 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $70.44, for a total transaction of $2,535,840.00. Following the completion of the sale, the insider now directly owns 97,479 shares of the company’s stock, valued at approximately $6,866,420.76. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.36% of the company’s stock.

Restaurant Brands International Stock Performance

NYSE QSR opened at $70.55 on Friday. The business’s 50 day moving average price is $70.39 and its 200-day moving average price is $70.68. Restaurant Brands International Inc. has a fifty-two week low of $64.97 and a fifty-two week high of $83.29. The company has a market cap of $22.35 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 2.71, a quick ratio of 0.71 and a current ratio of 0.78.

Restaurant Brands International (NYSE:QSR) (TSE:QSR) last announced its earnings results on Thursday, August 8th. The restaurant operator reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.01. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $2.05 billion. Restaurant Brands International had a net margin of 16.99% and a return on equity of 30.78%. Sell-side analysts predict that Restaurant Brands International Inc. will post 3.37 earnings per share for the current year.

Restaurant Brands International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 20th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, September 20th. Restaurant Brands International’s payout ratio is currently 59.79%.

Restaurant Brands International Company Profile

Restaurant Brands International Inc operates as a quick-service restaurant company in Canada, the United States, and internationally. It operates through four segments: Tim Hortons (TH), Burger King (BK), Popeyes Louisiana Kitchen (PLK), and Firehouse Subs (FHS). The company owns and franchises TH chain of donut/coffee/tea restaurants that offer blend coffee, tea, and espresso-based hot and cold specialty drinks; and fresh baked goods, including donuts, Timbits, bagels, muffins, cookies and pastries, grilled paninis, classic sandwiches, wraps, soups, and other food products.